Chartered market technicians attempts to predict stock patterns and financial market trends. They need at least a bachelor's degree for entry-level positions. While certification is not required, it is available and may lend an added level of credibility to aspiring candidates.
Chartered market technicians are employed in the investment and financial sectors. They analyze and chart data with the intent of predicting market prices. A bachelor's degree is the minimum requirement for working in this field and becoming certified.
|Required Education||A bachelor's degree in finance, business or economics|
|Projected Job Growth (2014-2024)*||30% (for personal financial advisors)|
|Median Annual Salary (May 2015)*||$89,160 (for personal financial advisors)|
Source: *United States Bureau of Labor Statistics
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Chartered Market Technician Education Requirements
Aspiring chartered market technicians should have a minimum of a bachelor's degree to secure employment. A specific major is not important, but a degree in finance, business or economy might be helpful. Students should consider taking courses in investment fundamentals, statement analysis and financial management.
Certification is not required to work as a market technician. However, becoming certified might lend to professional credibility and help candidates secure a position in this field. Those who are affiliates or members of the Market Technicians Association (MTA) can sit for the chartered market technician (CMT) certification exam. Affiliates who pass the exam are required to become full members in order to gain the professional designation of a chartered market technician.
The MTA's 3-level chartered market technician exam must be completed within five years of affiliate or member registration. The first two levels test a person's understanding of technical analysis and analytical techniques, such as charting. The third level is an essay to demonstrate research and opinions for analytical strategies. All chartered market technicians are expected to abide by a code of ethics as laid out by the MTA.
A chartered market technician works in the financial sector to predict trends and patterns for stocks, commodities and other financial market prices. Brokerage firms, trading groups and other financial companies employ market technicians. These professionals use mathematics, data and analytic techniques to chart existing market prices to show trends and future pricing.
The United States Bureau of Labor Statistics did not include data on chartered market technicians, however, it did provide information on other professions that deal with investments, including personal financial advisors.
Employment growth for personal financial advisors is projected to grow 30% from 2014-2024, according to the U.S. Bureau of Labor Statistics. The growth in this sector would be attributed to the large numbers of baby boomers nearing retirement.
A bachelor's degree in a field related to finance or business is important for those who want to become chartered market technicians. Gaining certification is also advisable, as it increases credibility and therefore boosts employment opportunities. Chartered market technicians use the skills the gain in their post-secondary degree program in order to predict trends in the financial market.